Ethereum Trading Volume Surges to $375B as ETFs Boost Activity

BREAKING: Ethereum’s trading volume has skyrocketed to $375 billion in November 2025, driven by a surge in activity from both retail and institutional investors. This surge underscores the continued strength of the cryptocurrency market amidst ongoing price fluctuations.

Latest data from CryptoQuant reveals that Ethereum trading volumes have fluctuated significantly throughout the year, hitting a peak of over $599 billion in August. However, despite easing from that high, November’s figures indicate a robust market engagement as trading activity remains strong.

Binance emerged as the dominant platform in this trading frenzy, recording approximately $198 billion in spot trading volume for November alone. This highlights Binance’s critical role in maintaining liquidity and facilitating high-volume transactions among both institutional and retail traders.

Institutional interest has also surged, with Ethereum spot ETFs registering around $35 billion in trading volume this month. This influx of ETF activity reflects a growing commitment from traditional market participants, adding a structured layer of liquidity to Ethereum’s market dynamics.

Currently, Ethereum is experiencing renewed confidence from large investors, with whale activity trending towards long positions. According to the Whale vs Retail Delta metric from Alphractal, wallets holding between 10,000 and 100,000 ETH now control a record over 21 million ETH. Meanwhile, entities with over 100,000 ETH have increased their holdings to approximately 4.3 million ETH.

Ethereum’s price currently sits above $3,000. Despite being about 24% lower than the previous month, this recovery coincides with aggressive accumulation from major holders, indicating a potential shift in market sentiment.

Notably, Ethereum’s Realized Price stands at $2,315, with an MVRV ratio of 1.27. This data suggests that Ethereum is trading near its fair value, with the market price sitting just 27% above the Realized Price, indicating a balanced market environment without signs of extreme valuation.

As whales continue to accumulate, the MVRV ratio on Binance hovers near 0.999, just below the critical threshold of 1.0. A reading below this level signifies that market capitalization aligns closely with the Realized Price, pushing most investors into a “no-profit, no-loss” position, which historically aligns with market bottoms or prolonged price weakness.

In this sensitive phase, observers are keenly watching how these developments will impact Ethereum’s price trajectory in the coming weeks. With institutional players stepping up their involvement, the Ethereum market is poised for further fluctuations.

As the cryptocurrency landscape evolves, the latest trading trends highlight the increasing integration of traditional investment strategies into the digital asset space, making it a critical moment for both seasoned investors and newcomers alike.

Stay tuned for more updates on this developing story as the Ethereum market continues to unfold.